U.S. equity funds register biggest weekly inflow in 28 months
June 16 (Reuters) - U.S. equity funds saw their most substantial weekly net purchases since early 2021 during the seven...
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Morning Bid: US Stocks fight the Fed as markets still not listening
LONDON, June 16 (Reuters) - If you looked at red-hot stock markets without following central banks, you could well assume...
Bundesbank sees German economy shrinking this year
FRANKFURT, June 16 (Reuters) - The German economy, Europe's biggest, will shrink this year and inflation will stay above 2%...
Yen slips after BOJ stands pat, soft data dents dollar
SINGAPORE, June 16 (Reuters) - The yen lost some ground after the Bank of Japan on Friday maintained ultra-low interest...
ECB mulls changing spread between rates in step towards new era – sources
FRANKFURT, June 15 (Reuters) - European Central Bank policymakers began this week a debate on evening out the "corridor" between...
Pound treads water against dollar, dips versus euro as ECB hikes rates
LONDON, June 15 (Reuters) - Sterling struggled to make headway against the dollar and eased against the euro on Thursday after the European Central Bank raised interest rates to their highest level in more than two decades.At 1300 GMT, sterling was stuck at $1.2661 , but had surrendered earlier gains against the euro, which was up 0.22% at 85.74 pence .The ECB said it expected inflation to hover above its 2% target rate through to 2025 and hinted at more interest rate hikes, even as the euro zone economy lags.The...
EU top court backs consumers in Polish FX mortgage case
WARSAW, June 15 (Reuters) - The European Union's top court on Thursday backed Polish borrowers with Swiss franc-denominated mortgages in...
Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) - Bedlam in Britain's 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets,...
US stocks drop after Fed signals more rate hikes to come
Fed holds rates steady, signals more hikes by year endUnitedHealth sinks after cost warningIndexes: Dow -1.19%, S&P 500 -0.61%, Nasdaq...
European shares rise on Fed pause hopes
Fed meeting eyed later in the dayEntain to buy Poland-based betting operator for $946 mlnLogitech slides after CEO exitGrifols surges on plan to reduce stake in Shanghai RAASSTOXX 600 up 0.4%, European banks add 1.1%June 14 (Reuters) - European shares rose on Wednesday, supported by banks and miners, ahead of a broadly priced-in pause in interest rate hikes by the U.S. Federal Reserve.The pan-European STOXX 600 index (.STOXX) closed 0.4% higher.Banks (.SX7P), which tend to benefit from higher rates, rose 1.1%. Italy (.FTMIB) and Spain's (.IBEX) lender-heavy indexes rose 0.9%...